Oil prices dipped as President Trump announced efforts to free ships in the Strait of Hormuz. However, the absence of a US-Iran peace deal continues to support prices above $100. Negotiations remain stalled, with both nations holding firm on their demands. OPEC+ plans a modest output increase, but disruptions in the Strait of Hormuz may limit its impact.Read More
The Japanese yen has stabilized after authorities intervened to strengthen it. Markets are watching for further action and potential US involvement. Global trade tensions are also a concern, with President Trump announcing a move regarding ships in the Strait of Hormuz. The Australian dollar and euro saw slight gains. Bitcoin experienced a minor dip.Read More
Gold prices saw a dip on Monday. Inflation concerns are impacting the US monetary policy outlook. Markets are closely watching US-Iran peace talks. Higher oil prices could keep interest rates elevated, affecting non-yielding assets like gold. Recent US inflation data has prompted caution from the Federal Reserve regarding rate cuts. Speculators increased their net long positions in gold.Read More
The move is aimed at improving customer engagement as household savings shift from bank deposits to market-linked instruments and risk products. Indian Bank plans to set up a wealth management vertical targeting high net worth individuals, while sectoral leader State Bank of India aims to grow its wealth assets under management fivefold to Rs 15 lakh crore by 2030.Read More
TP premiums rose 9.3% in FY26, compared with 9% growth in OD, taking overall motor insurance expansion to about 9% on an estimated base of ?1.08 lakh crore. This contrasts with FY24, when OD grew a stronger 17.4% against roughly 10% for TP, supported by robust vehicle sales and pricing improvements. In FY25, OD grew at 8.1% while TP grew at 7.8%. The latest shift...Read More
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